Kimco Realty (KIM) official guidance

| Property acquisitions, net of dispositions(4) Acquisitions, weighted average cap rate Dispositions, weighted average cap rate | ($133) N/A ($133); 5.2% | Unchanged | Net neutral; transaction volume of $300 to $500 6.0% to 7.0% 5.0% to 6.0% |

| Property acquisitions, net of dispositions Acquisitions, weighted average cap rate Dispositions, weighted average cap rate | ($47) N/A ($47); 5.6% | Unchanged | Net neutral; transaction volume of $300 to $500 6.0% to 7.0% 5.0% to 6.0% |

| Property acquisitions, net of dispositions Acquisitions, weighted average cap rate Dispositions, weighted average cap rate | $152 $272; 6.5% $120; 5.4% | Net neutral; transaction volume of $300 to $500 6.0% to 7.0% 5.0% to 6.0% |

| Property acquisitions, net of dispositions(4) Acquisitions, weighted average cap rate Dispositions, weighted average cap rate | ($133) N/A ($133); 5.2% | Unchanged | Net neutral; transaction volume of $300 to $500 6.0% to 7.0% 5.0% to 6.0% |

| Property acquisitions, net of dispositions Acquisitions, weighted average cap rate Dispositions, weighted average cap rate | ($47) N/A ($47); 5.6% | Unchanged | Net neutral; transaction volume of $300 to $500 6.0% to 7.0% 5.0% to 6.0% |

| Property acquisitions, net of dispositions Acquisitions, weighted average cap rate Dispositions, weighted average cap rate | $152 $272; 6.5% $120; 5.4% | Net neutral; transaction volume of $300 to $500 6.0% to 7.0% 5.0% to 6.0% |

In terms of the actual cash flow from rent commencements, we are now projecting $33 million to be received in 2026, which is 16% higher than our initial estimate.

Projected cash flow rent from 2026 commencements has increased to $31 million, up from an original budget of $28.5 million, a $2.5 million improvement that reflects both the strength of the pipeline and the operational progress we've made in accelerating commencements.

We are also raising our same-property NOI growth assumption to a range of 3%-3.5%, up from 2.8%-3.5% previously, and tightening our credit loss assumption to 55-75 basis points from the prior level of 65-90 basis points.

| Credit loss as a % of total pro-rata rental revenues | (54bps) | (55bps) to (75bps) | (65bps) to (90bps) |

As a result, we are tightening our full year credit loss assumption to a new range of 65-90 basis points compared to the previous range of 75-100 basis points.

| Credit loss as a % of total pro-rata rental revenues | (52bps) | (65bps) to (90bps) | (75bps) to (100bps) |

That said, we believe it is prudent to begin the year with a credit loss assumption of 75 to 100 basis points, which is consistent with historic norms and aligned with our approach over the last several years.

| Credit loss as a % of total pro-rata rental revenues | (74bps) | (75bps) to (100bps) |

| Property acquisitions, net of dispositions(4) Acquisitions, weighted average cap rate Dispositions, weighted average cap rate | ($133) N/A ($133); 5.2% | Unchanged | Net neutral; transaction volume of $300 to $500 6.0% to 7.0% 5.0% to 6.0% |

| Property acquisitions, net of dispositions Acquisitions, weighted average cap rate Dispositions, weighted average cap rate | ($47) N/A ($47); 5.6% | Unchanged | Net neutral; transaction volume of $300 to $500 6.0% to 7.0% 5.0% to 6.0% |

We expect the blended cap rates from sales to be between 5% to 6%.

| Property acquisitions, net of dispositions Acquisitions, weighted average cap rate Dispositions, weighted average cap rate | $152 $272; 6.5% $120; 5.4% | Net neutral; transaction volume of $300 to $500 6.0% to 7.0% 5.0% to 6.0% |

Given our strong first half results, we are raising the lower end of our full-year 2026 FFO outlook to $1.83 per diluted share from $1.81 previously, while maintaining the top end at $1.84.

Given the positive start to the year, we are tightening our full year 2026 FFO outlook to a new range of $1.81-$1.84 per diluted share from the previous range of $1.80-$1.84 per diluted share.

| FFO: | | $1.81 to $1.84 | $1.80 to $1.84 |

Our initial 2026 FFO per share range is $1.80 to $1.84, representing a 2.3% to 4.5% growth over 2025.

| FFO: | $1.76 | $1.80 to $1.84 |

We are also raising our same-property NOI growth assumption to a range of 3%-3.5%, up from 2.8%-3.5% previously, and tightening our credit loss assumption to 55-75 basis points from the prior level of 65-90 basis points.

| Same property NOI growth | +2.6% | +3.0% to +3.5% | +2.8% to +3.5% |

| Same property NOI growth | +1.7% | +2.8% to +3.5% | +2.5% to +3.5% |

This outlook reflects our expectation for continued demand across the portfolio supported by same-property NOI growth of 2.5% to 3.5%.

| Same property NOI growth | +3.0% | +2.5% to +3.5% |

| Leasing and maintenance capex(3) | $39 | Unchanged | $275 to $300 |

For 2026, we anticipate total development and redevelopment investment between $100,000,000 to $150,000,000, capitalized lease-related and maintenance spending of $275,000,000 to $300,000,000 to support strong occupancy growth and tenancy momentum, net new structured investment activity between $75,000,000 to $125,000,000 with going-in yields in the 8% to 10% range, and net neutral acquisition and disposition activity with a positive spread on reinvestment of proceeds.

| Leasing and maintenance capex(3) | $305 | $275 to $300 |

| Net income: | | $0.83 to $0.87 | $0.80 to $0.84 |

| Net income: | $0.82 | $0.80 to $0.84 |

| Consolidated G&A expense, net | $37 | Unchanged | $128 to $132 |

On the expense side, we are projecting consolidated G&A between $128,000,000 to $132,000,000, reflecting ongoing cost discipline, and consolidated interest expense plus preferred dividends of $370,000,000 to $377,000,000.

| Consolidated G&A expense, net | $133 | $128 to $132 |

| Consolidated interest expense and preferred stock dividends | $91 | $369 to $376 | $370 to $377 |

On the expense side, we are projecting consolidated G&A between $128,000,000 to $132,000,000, reflecting ongoing cost discipline, and consolidated interest expense plus preferred dividends of $370,000,000 to $377,000,000.

| Consolidated interest expense and preferred stock dividends | $361 | $370 to $377 |

| Lease termination income | $4 | Unchanged | $7 to $15 |

Other financial assumptions in the outlook include lease termination income between $7,000,000 to $15,000,000, noncash GAAP revenue inclusive of straight-line rent and above- and below-market rent amortization of $45,000,000 to $50,000,000, and net mortgage and financing income, which continues to be an important contributor to our earnings profile, of $45,000,000 to $55,000,000.

| Lease termination income | $10 | $7 to $15 |

| Consolidated mortgage and other financing income, net | $12 | Unchanged | $45 to $55 |

Other financial assumptions in the outlook include lease termination income between $7,000,000 to $15,000,000, noncash GAAP revenue inclusive of straight-line rent and above- and below-market rent amortization of $45,000,000 to $50,000,000, and net mortgage and financing income, which continues to be an important contributor to our earnings profile, of $45,000,000 to $55,000,000.

| Consolidated mortgage and other financing income, net | $50 | $45 to $55 |

| Non-cash GAAP revenues(1) | $21 | Unchanged | $45 to $50 |

Other financial assumptions in the outlook include lease termination income between $7,000,000 to $15,000,000, noncash GAAP revenue inclusive of straight-line rent and above- and below-market rent amortization of $45,000,000 to $50,000,000, and net mortgage and financing income, which continues to be an important contributor to our earnings profile, of $45,000,000 to $55,000,000.

| Non-cash GAAP revenues(1) | $62 | $45 to $50 |

| Redevelopment capex(2) | $32 | Unchanged | $100 to $150 |

| Redevelopment capex(2) | $83 | $100 to $150 |

| Structured investments, net of repayments Weighted average yield | $38 10.0% | Unchanged | $75 to $125 8.0% to 10.0% |

For 2026, we anticipate total development and redevelopment investment between $100,000,000 to $150,000,000, capitalized lease-related and maintenance spending of $275,000,000 to $300,000,000 to support strong occupancy growth and tenancy momentum, net new structured investment activity between $75,000,000 to $125,000,000 with going-in yields in the 8% to 10% range, and net neutral acquisition and disposition activity with a positive spread on reinvestment of proceeds.

| Structured investments, net Weighted average yield | ($80) 9.1% | $75 to $125 8.0% to 10.0% |